Class 6 Exam > Class 6 Questions > Currency notes are issued bya)RBIb)NABARDc)Pu...
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Currency notes are issued by
- a)RBI
- b)NABARD
- c)Public sector banks
- d)Central Government
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Currency notes are issued bya)RBIb)NABARDc)Public sector banksd)Centra...
Issuing of Currency Notes by RBI
Currency notes are the physical form of money that we use in our daily transactions. In India, the Reserve Bank of India (RBI) is the sole authority responsible for issuing currency notes.
Role of RBI in Issuing Currency Notes
The RBI, being the central bank of India, is responsible for regulating the supply of money in the economy. To ensure that there is enough money in circulation, the RBI prints currency notes and puts them into circulation.
Process of Issuing Currency Notes
The process of issuing currency notes by the RBI involves the following steps:
1. Designing of Currency Notes: The RBI designs the currency notes with various security features to prevent counterfeiting and ensure safety.
2. Printing of Currency Notes: After designing, the RBI prints the currency notes in various denominations.
3. Distribution of Currency Notes: The RBI then distributes the currency notes to various banks across the country, which further distribute them to their customers.
4. Monitoring of Circulation: The RBI monitors the circulation of currency notes to ensure that there is enough money in circulation and the economy is functioning smoothly.
Conclusion
Thus, it can be concluded that currency notes are issued by the RBI, which is responsible for regulating the supply of money in the economy. The RBI designs, prints, and distributes currency notes to ensure that there is enough money in circulation and the economy is functioning smoothly.
Currency notes are the physical form of money that we use in our daily transactions. In India, the Reserve Bank of India (RBI) is the sole authority responsible for issuing currency notes.
Role of RBI in Issuing Currency Notes
The RBI, being the central bank of India, is responsible for regulating the supply of money in the economy. To ensure that there is enough money in circulation, the RBI prints currency notes and puts them into circulation.
Process of Issuing Currency Notes
The process of issuing currency notes by the RBI involves the following steps:
1. Designing of Currency Notes: The RBI designs the currency notes with various security features to prevent counterfeiting and ensure safety.
2. Printing of Currency Notes: After designing, the RBI prints the currency notes in various denominations.
3. Distribution of Currency Notes: The RBI then distributes the currency notes to various banks across the country, which further distribute them to their customers.
4. Monitoring of Circulation: The RBI monitors the circulation of currency notes to ensure that there is enough money in circulation and the economy is functioning smoothly.
Conclusion
Thus, it can be concluded that currency notes are issued by the RBI, which is responsible for regulating the supply of money in the economy. The RBI designs, prints, and distributes currency notes to ensure that there is enough money in circulation and the economy is functioning smoothly.
Community Answer
Currency notes are issued bya)RBIb)NABARDc)Public sector banksd)Centra...
RBI is the correct answer.
As the government of India owns it and has given the rights for issuing currency notes to it.
As the government of India owns it and has given the rights for issuing currency notes to it.
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Currency notes are issued bya)RBIb)NABARDc)Public sector banksd)Central GovernmentCorrect answer is option 'A'. Can you explain this answer?
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Currency notes are issued bya)RBIb)NABARDc)Public sector banksd)Central GovernmentCorrect answer is option 'A'. Can you explain this answer? for Class 6 2024 is part of Class 6 preparation. The Question and answers have been prepared according to the Class 6 exam syllabus. Information about Currency notes are issued bya)RBIb)NABARDc)Public sector banksd)Central GovernmentCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Class 6 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Currency notes are issued bya)RBIb)NABARDc)Public sector banksd)Central GovernmentCorrect answer is option 'A'. Can you explain this answer?.
Currency notes are issued bya)RBIb)NABARDc)Public sector banksd)Central GovernmentCorrect answer is option 'A'. Can you explain this answer? for Class 6 2024 is part of Class 6 preparation. The Question and answers have been prepared according to the Class 6 exam syllabus. Information about Currency notes are issued bya)RBIb)NABARDc)Public sector banksd)Central GovernmentCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Class 6 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Currency notes are issued bya)RBIb)NABARDc)Public sector banksd)Central GovernmentCorrect answer is option 'A'. Can you explain this answer?.
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